Month: January 2014

The currency started to gain popularity early in the year 2013 as a result of the Cyprus banking crisis. In March 2013, the Cyprus government announced a bail-in for banks. This meant that the financial institutions would have to impose

The rapid growth of the value of a Bitcoin, raises an important thought experiment – can a digital currency turn into a reserve currency? The Bitcoin’s characteristics make it a prime candidate to act as a reserve currency, given its relatively

In October 2013, the Federal Bureau of Investigation (FBI) arrested Ross William Ulbricht, the alleged founder of the online black market site Silk Road, on charges of alleged murder for hire and drug trafficking violations. According to a federal complaint,

In 2008, after the subprime mortgage crisis and the crash of the stock market, people started looking for financial instruments with minimum governmental influence to invest in. Cryptocurrencies, Bitcoin to be specific quickly caught on with the techy crowd. With